Trump Pauses Tariffs on Select Imports from Canada and Mexico Following Discussions with Leaders

President Trump has issued an executive action temporarily suspending tariffs on specific imports from Canada and Mexico for one month. This pause affects goods covered under the United States-Mexico-Canada Agreement (USMCA). Approximately 38% of imports from Canada and 50% from Mexico fall under the USMCA and will be exempt from the 25% tariff that Trump implemented earlier. The decision follows recent discussions between Trump and Mexican President Claudia Sheinbaum on Thursday and Canadian Prime Minister Justin Trudeau on Wednesday. The tariffs were initially imposed due to concerns over fentanyl and illegal immigration flows into the U.S. Automobiles were previously exempted, and Canadian energy faces a reduced 10% tariff.